Venus BTC (VBTC) is a synthetic asset on the Venus Protocol, a DeFi platform on the Binance Smart Chain. It represents Bitcoin (BTC) within the Venus ecosystem, allowing users to gain exposure to Bitcoin's value and market movements without directly holding the cryptocurrency. Developed by the Venus team, VBTC is used as collateral for loans, for earning interest, and for participating in various DeFi activities on the Venus platform. Essentially, VBTC bridges Bitcoin with the Venus Protocol, offering users a way to leverage their Bitcoin holdings and engage in the DeFi space.
